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  • US FAA downgrade was ‘a very unfortunate development’ that could have been avoided

US FAA downgrade was ‘a very unfortunate development’ that could have been avoided

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Chairman of the Organisation of Eastern Caribbean States, Antigua and Barbuda’s Prime Minister Gaston Browne has described as “a very unfortunate development,” the recent US FAA downgrade of the Eastern Caribbean Aviation system. 

On Friday the Federal Aviation Administration said it had downgraded the safety rating for the OECS, a move that means carriers from those island nations cannot start new service.

The “Category 2” rating covers Antigua and Barbuda, Dominica, Grenada, St. Kitts and Nevis, St. Lucia, as well as St. Vincent and the Grenadines.

“I believe that it could have been avoided, and we knew that there was a deadline. I believe the deadline was the end of February in which all of the countries of the OECS, the six independent countries had to make certain regulatory changes in order to be fully compliant,” Browne said Saturday on Pointe FM’s Browne & Browne show.

“I would have spent an enormous amount of time urging my colleague in the other countries to ensure that they pass the regulations on a timely basis. I know Minister [Robin] Yearwood as well, at the ministerial level, would have spent a significant amount of time asking them to do so. 

“And even in February we had an OECS authority meeting and the first issue on the agenda was that very issue about civil aviation and the Civil Aviation Authority the things that they need to do quickly to avoid any form of sanctions,” Browne added.

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Antigua and Barbuda has been fully compliant

The Antigua and Barbuda leader said he wanted people to know that his country was not among the negligent ones.

“I have to make it abundantly clear that Antigua and Barbuda has been fully compliant, but it is a group situation in which it is the OECS region that enjoys the Category 1 status. So, it means that if any single country falls afoul of the regulations, then obviously it has implications for all of us,” Browne said.

“And that is why we spent a lot of time encouraging all of the countries within the OECS to move quickly, to move with alacrity to pass the necessary regulations to avoid the downgrading, which perhaps several of them took for granted, which we are now faced with.”

OECS Chairman calls emergency meeting

Browne said that in his capacity as Chairman of the OECS, he has called an emergency meeting today [Sunday], “so that we can look at the issues again, the granular details as to where there are gaps in our compliance, and to move quickly to resolve them with the hope that we can restore the Category 1 as soon as possible.

In downgrading the OECS, the FAA said the group did not comply with international safety standards.

A Category 2 rating means that laws or regulations lack the necessary requirements to oversee air carriers in accordance with minimum international standards, or that civil aviation authorities are deficient in one or more areas, including technical expertise, trained personnel, record-keeping, inspection procedures or resolution of safety concerns. 

The OECS carriers can continue existing service to the United States.

LIAT can continue flying to US territories

“Luckily for us though, they didn’t take any decision, for example, that LIAT, which is the sub-regional airline and regional airline for that matter, that LIAT cannot continue to fly within US territories to include the US Virgin Islands,” Browne said.

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REQUEST FOR EXPRESSIONS OF INTEREST

(CONSULTING SERVICES – INDIVIDUAL SELECTION)

 

OECS MSME Guarantee Facility Project

Loan No.: IDA-62670, IDA-62660, IDA-62640, IBRD-88830, IDA-62650

Assignment Title: Senior Operating Officer (SOO)

Reference No. KN-ECPCGC-207852-CS-INDV

 

The Governments of Antigua and Barbuda, Commonwealth of Dominica, Grenada, St. Lucia and St. Vincent and the Grenadines have received financing in the amount of US$10 million equivalent from the World Bank towards the cost of establishing a partial credit guarantee scheme, and they intend to apply part of the proceeds to payments for goods, and consulting services to be procured under this project. 

The consultant will serve as the “Senior Operating Officer (SOO)” for the ECPCGC and should possess extensive knowledge of MSME lending with some direct experience lending to Micro, small and medium-sized businesses, knowledge of the internal control processes necessary for a lending operation and the ability to design and implement risk mitigation procedures. The ideal candidate should possess an Undergraduate Degree from a reputable college or university, preferably in Business, Accounting, Banking or related field, with a minimum of 5 years’ experience in lending, inclusive of MSME lending. The initial employment period will be for two years on a contractual basis. Renewal of the contract will be subject to a performance evaluation at the end of the contractual period. The assignment is expected to begin on September 30th, 2021.  The consultant will report directly to the Chief Executive Officer of the ECPCGC.

The detailed Terms of Reference (TOR) for the assignment can be viewed by following the attached link below. 

 

https://bit.ly/3iVannm

 

The Eastern Caribbean Partial Credit Guarantee Corporation (ECPCGC) now invites eligible “Consultants” to indicate their interest in providing the Services. Interested Consultants should provide information demonstrating that they have:

  • An Undergraduate Degree from a reputable college or university, preferably in Business, Finance, Banking or related field; and
  • Minimum of 5 years’ experience in MSME lending. Applicants should also have:
  • The ability to design and implement risk management procedures 
  • Extensive knowledge of MSME lending with some direct experience lending to small and medium-sized businesses
  • Extensive knowledge of MSME banking operations
  • Knowledge of the internal controls necessary for a lending operation and the ability to design and implement risk management procedures
  • Experience developing and presenting information in public, including responding to questions in real-time
  • Experience lending to MSMEs located in the ECCU
  • Knowledge of marketing and communicating with the MSME sector
  • Ability to draft procedures to be used in a lending operation
  • Familiarity with the mechanics of a loan guarantee program
  • Exceptional written, oral, interpersonal, and presentation skills, and
  • Proficiency in the use of Microsoft Office suite.

The attention of interested Individual Consultants is drawn to Section III, Paragraphs 3.14, 3.16, and 3.17 of the World Bank’s Procurement Regulations for IPF Borrowers July 2016, [revised November 2017] (“Procurement Regulations”), setting forth the World Bank’s policy on conflict of interest. A Consultant will be selected in accordance with the Approved Selection Method for Individual Consultants set out in the clause 7.34 of the World Bank Procurement Regulations for IPF Borrowers. 

 

Further information can be obtained at the address below during office hours 0800 to 1700 hours:

Eastern Caribbean Partial Credit Guarantee Corporation

Brid Rock, Basseterre,

St. Kitts.

Expressions of interest must be delivered in a written form by e-mail by August 11th, 2021, to [email protected]

 

For further information, please contact:

Carmen Gomez-Trigg                                                            Bernard Thomas

Chief Executive Officer                                                          Chief Financial Officer

Tel: 868-620-8144                                                                  Tel: 869-765-2385

Email: [email protected]                                          [email protected]